Highest-materiality recent filing
Portland General Electric Q1 GAAP EPS $0.38, down 58% YoY; reaffirms 2026 guidance
GAAP net income $45M ($0.38/diluted share) vs $100M ($0.91) in Q1 2025; adjusted EPS $0.58.
OPUC approved $70M (RCE) and $40M (storm) recovery, down from $124M filed.
Portland General Electric prices 10.8M share forward sale at $50.70 for renewable investment
Priced public offering of 9,467,455 shares (10,848,125 including full over-allotment) at $50.70/share via forward sale with Wells Fargo and Bank of America.
Underwritten public offering of $480M shares of common stock (up to $550M with 30-day underwriter option).
PGE acquires PacifiCorp Washington ops for $1.9B; reports 2025 adj EPS $3.05
Acquisition of PacifiCorp's Washington utility for $1.9B cash (1.4x 2026 rate base); expected to close ~12 months after regulatory filings.
PGE submits stipulation with OPUC for $57M annual revenue requirement increase ($218M rate base)
Rate base increased $218M; annual revenue requirement of $57M vs. $72M filed request.
GAAP net income $103M ($0.94/diluted share); non-GAAP $110M ($1.00/diluted share).
OPUC approves PGE's Seaside battery storage rate recovery; $220M rate base, 9.34% ROE
Rate base increase of $220M net of $125M ITC benefits; annual revenue requirement increase $42M vs $46M filed.
PGE Q2 GAAP EPS $0.56; adj EPS $0.66; reaffirms FY25 guidance $3.13-$3.33
Q2 net income $62M ($0.56) vs $72M ($0.69) year ago; non-GAAP net income $73M ($0.66).
POR updates CEP/IRP; raises renewable capacity need to 4,000 MW midpoint
New Preferred Portfolio; renewable/non-emitting capacity need raised from 3,200 MW to 4,000 MW midpoint (range 3,500–4,500 MW).
PGE 2024 GAAP EPS $3.01, adjusted $3.14; 2025 guidance $3.13-$3.33
Full-year 2024 GAAP EPS $3.01; adjusted EPS $3.14, up from $2.38 adjusted in 2023.
OPUC approves $100M revenue increase for PGE in 2025 rate case; ROE set at 9.34%
OPUC Final Order 24-454 approves annual revenue increase of $100M, down from $208M filed.
PGE Q3 GAAP EPS $0.90 (vs $0.46 YoY); narrows 2024 adj. EPS guidance to $3.08-$3.18
GAAP net income of $94M ($0.90 per diluted share), up from $47M ($0.46) in Q3 2023.
PGE finalizes 2023 RFP shortlist with 1.7 GW of renewable and battery capacity; seeks OPUC approval
Group A: four top-performing bids totaling 416 MW renewable (solar) and 400 MW battery storage.
GAAP net income $72M ($0.69 EPS); Q2 2023 net income $39M ($0.39) included $0.05 charge.
PGE Q1 adj EPS $1.21 vs $0.80 YoY; reaffirms FY 2024 guidance $2.98-$3.18
Q1 GAAP net income $109M ($1.08/diluted); adjusted net income $123M ($1.21/diluted), up from $0.80 GAAP in Q1 2023.
PGE files $225M rate case with Oregon PUC seeking ~7.4% revenue increase
$225M annual revenue increase request (~7.4% overall price hike) based on 2025 test year.
Portland General Electric reports 2023 GAAP EPS $2.33, initiates 2024 guidance $2.98-$3.18
Full-year 2023 GAAP EPS $2.33; adjusted EPS $2.38, down from 2022 adjusted $2.74.
PGE Q3 GAAP EPS $0.46 vs $0.65 YoY; GRC settlement; guidance narrowed to $2.60-$2.65
Q3 GAAP net income $47M ($0.46/diluted share) vs $58M ($0.65) in Q3 2022; power costs increased from extreme summer heat.
PGE reaches rate case settlement seeking $391M revenue increase; ROE set at 9.5%
Settlement filed with OPUC on Oct 6, 2023; adjusted annual revenue requirement increase of $391M (initial filing $340M).
Credit facility amended to $750M (from $650M), maturity extended to Sept 10, 2028, with $100M accordion feature.
PGE Q2 GAAP EPS $0.39 vs $0.72 YoY; adjusted $0.44; reaffirms FY23 guidance $2.60-$2.75
Q2 2023 GAAP net income $39M ($0.39/diluted share) vs $64M ($0.72) a year ago; non-GAAP adj. net income $44M ($0.44).
Portland General Electric appoints Joseph Trpik as CFO effective June 30, 2023
Joseph Trpik appointed SVP and CFO; previously SVP CAO at Exelon and CFO at Exelon Utilities and ComEd.
PGE Q1 GAAP EPS $0.80; CFO Ajello to retire June 30; BESS & $300M ATM
GAAP net income $74M ($0.80/diluted); reaffirms FY2023 adjusted EPS guidance $2.60-$2.75.
PGE reports FY2022 GAAP EPS $2.60, adj. $2.74; guides FY2023 adj. EPS $2.60-$2.75
Full-year 2022 GAAP EPS $2.60 (down from $2.72 in 2021); non-GAAP adjusted EPS $2.74.
Portland General Electric issues $200M in first mortgage bonds at 5.47% and 5.56%
$100M at 5.47% due 2029 (general corporate purposes) and $100M at 5.56% due 2033 (green investments).
Portland General Electric enters forward sale agreements for up to 11.6M shares at $43/share
Entered forward sale agreements with Barclays and JPMorgan to sell up to 11,615,000 common shares at $43.00 per share.
On June 11, 2025, the Board of Directors (the Board) of Portland General Electric Company (the Company) elected Renée James to serve as a director of the Company, effective June 11, 2025, until the next annual meeting of shareholders.
On October 20, 2023 the Board of Directors (the "Board") of Portland General Electric Company (the "Company") elected John O’Leary to serve as a director of the Company, effective January 1, 2024, until the next annual meeting of shareholders.
On June 15, 2023, P ortland General Electric Company (the Company) announced the appointment of Joseph Trpik as Senior Vice President and Chief Financial Officer effective June 30, 2023.
On April 25, 2023, James A. Ajello, Senior Vice President Finance, Chief Financial Officer, Treasurer and Corporate Compliance Officer, informed the Company that he is retiring from his positions effective June 30, 2023.
On March 16, 2023, P ortland General Electric Company (the Company) announced the appointment of Benjamin Felton as Executive Vice President, Chief Operating Officer effective April 3, 2023.
Max materiality 0.85 · Median 0.60 · Most common event other_material